Veritiv (VRTV) Earning Somewhat Favorable Media Coverage, Report Finds
News coverage about Veritiv (NYSE:VRTV) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Veritiv earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 46.6247693388276 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Veritiv (VRTV) traded up $0.45 during trading hours on Wednesday, reaching $25.00. The company’s stock had a trading volume of 41,829 shares, compared to its average volume of 92,823. Veritiv has a 52-week low of $20.35 and a 52-week high of $62.60. The company has a market capitalization of $383.08, a PE ratio of -18.25, a price-to-earnings-growth ratio of 0.87 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.36 and a debt-to-equity ratio of 1.81.
VRTV has been the topic of a number of analyst reports. Bank of America upgraded Veritiv from a “neutral” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Tuesday, November 21st. ValuEngine cut Veritiv from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. SunTrust Banks cut Veritiv from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Zacks Investment Research upgraded Veritiv from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, Wells Fargo & Co cut Veritiv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.75.
Veritiv Company Profile
Veritiv Corporation is a business-to-business distributor of print, publishing, packaging and facility solutions. The Company also provides logistics and supply chain management solutions to its customers. The Company’s segments are Print, Publishing & Print Management (Publishing), Packaging, Facility Solutions, and Corporate & Other.
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